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nekit [7.7K]
3 years ago
9

Refer to the following transactions.

Business
1 answer:
Mashutka [201]3 years ago
8 0

Answer:

1 a) + asset , + preferred stock

b) + asset , + preferred stock

c) + assets , + stockholder's equity

d) - and + Asset

e) + -Asset

f) - Equity , + liability

g) - Equity , - Asset

journal entry

a) Debit bank 700000 Credit Preferred stock 700000

b) debit land 420000 , credit preferred stock 420000

c) debit bank 768000 credit stockholder's equity 768000

d) Debit investment 270000 credit bank 270000

e) Debit bank 189000 , credit investment 189000

f) Debit dividend 19600 credit shareholders for dividends 19600

g) debit dividends 96000  credit bank 96000

Explanation:

dividends preferred = 7000 + 4200 = 11200 * 1 . 75 = 19600

dividends common stock = 48000 * 25 * 8 % = 96000

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5 0
3 years ago
The Whole Foods chain of supermarkets has stated, "With great courage, integrity, and love, we embrace our responsibility to co-
damaskus [11]

Answer:

Values Statement.

Explanation:

Value Statement: It shows that what an organization believes in, what are their values, where does the company stands in terms of morality. Moreover, value statement reflects the priority of the company and tells if it is inclined towards profit or collective goods more.

<em>As</em> the whole foods communicated that they don't want any harm towards the planet and claim themselves as responsible ones to care for this planet, it suggests that this is their value statement.

3 0
3 years ago
The pricing function is an integral part of the companies :
ozzi

Answer:

Yes

Explanation:

Pricing plays an essential role for a product and organisation. At a very basic level, an organisation exists to make profit. A price must cover the cost of a good sold.

Pricing also plays a role in the perception of a product (marketing mix). For example, an Apple product is not cheap because of some perceived value of the product.

Another reason why pricing is integral is in times of competition, it may be worthwhile to use price to take market share from competitors.

8 0
3 years ago
sales forecasts . multiple select question. should not be used for audit decisions help auditors understand management's strateg
Anna [14]

Sales forecasts <u>help auditors understand </u><u>management's strategy</u>

<u>can be used in valuing </u><u>inventory</u>

<u />

What are sales forecasts?

A sales forecast is an indication of predicted sales revenue. What your business expects to sell during a specific time period is estimated by a sales forecast (like a quarter or year). The most accurate sales projections do this. By providing knowledge of the probable behavior of your most valued clients, sales forecasting aids in achieving this revenue efficiency. In addition to enhancing pricing, advertising, and product development, you may forecast future sales. The ability of your business to predict future revenues across particular time periods in order to better manage resources is one of the benefits of sales forecasting.

To learn more about sales forecast click on the given link:

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4 0
1 year ago
Suppose that General Motors Acceptance Corporation issued a bond with 10 years until​ maturity, a face value of $ 1 comma 000​,
Illusion [34]

Answer:

$1,053.48

Explanation:

For computing the price of the bond we use the Present value formula which is to be shown in the attachment below:

Given that,  

Future value = $1,000

Rate of interest = 6.4%

NPER = 10 years  - 1 year = 9 year

PMT = $1,000 × 7.2% = $72

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

After applying the above formula, the price of the bond is $1,053.48

3 0
3 years ago
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